BMW Says Tesla 'Needs To Close The Gap With Us' As German Auto Giant Touts Battery Design Superiority

Grand News Network | November 6, 2023

In a bold claim, German car manufacturer, BMW (OTC:BMWYY), has stated its latest battery designs surpass those of electric vehicle behemoth, Tesla Inc. (NASDAQ:TSLA). BMW suggests Tesla “needs to close the gap” with it and not the other way around.

What Happened: A recent report from Teslarati revealed BMW’s optimism about its electric vehicles’ future, attributing this positive outlook to its new battery design. The company believes it is Tesla that needs to catch up, not them.

Expected to be the power source for its next-generation EVs from 2025, BMW’s forthcoming cylindrical battery cell samples are projected to deliver 20% more energy and up to a 30% increase in range. In comparison to current-generation prismatic cells, these batteries are forecasted to slash costs by 50% and reduce production-related carbon emissions by 60%.

See Also: Best Electric Vehicle Stocks

In an interview with Automotive News Europe, Milan Nedeljkovic, BMW Group’s production head, emphasized that BMW doesn’t feel the ...

Full story available on Benzinga.com


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